Consumer finance firm allegedly defrauds banks of Rp 14 trillion

Consumer finance firm allegedly defrauds banks of Rp 14 trillion

Consumer finance company PT Sunprima Nusantara Pembiayaan (SNP) Finance, a subsidiary of the Columbia group, is suspected to have committed credit fraud resulting in losses of Rp 14 trillion (US$940 million), police said on Monday. National Police deputy director for economic crimes Sr. Comr. Daniel Silitonga said the company reportedly defrauded 14 banks between 2016 […]

Most Powerful Women in Finance: No. 3, Synchrony's Margaret Keane

Most Powerful Women in Finance: No. 3, Synchrony's Margaret Keane

President and CEO, Synchrony Financial Barely two years after President and CEO Margaret Keane guided Synchrony Financial through the stresses of becoming a fully independent company, Forbes named it one of the top 100 companies to work for in 2017. Then, after Hurricane Maria Synchrony showed why it belonged on the list. Margaret Keane, President […]

Forensic logic: how the royal commission lifted the lid on the finance industry

Forensic logic: how the royal commission lifted the lid on the finance industry

It took some time, but he got there. Michael Hodge, QC, senior counsel assisting the banking royal commission, had finally had enough of the witness. “Mr Hagger,” the Brisbane-based silk said angrily. “It wasn’t out of your control. You could have told them the number in writing. And you didn’t do so. And that was […]

Loveland appoints acting director of finance

Loveland appoints acting director of finance

By Julia Rentsch Reporter-Herald Staff Writer Via a text message to members of the Loveland City Council on Tuesday, Loveland City Manager Steve Adams announced that the city’s executive fiscal adviser, Alan Krcmarik, would immediately begin serving as acting director of the Loveland Finance Department. Finance Director Brent Worthington had notified Adams on Tuesday via […]

Clients Of Failed Finance Firms Get OK To Seek Money Back

Clients Of Failed Finance Firms Get OK To Seek Money Back

By Najiyya Budaly Law360, London (September 21, 2018, 12:28 PM BST) — The U.K.’s deposit protection scheme has revealed that it declared six financial services firms in default during August, paving the way for customers who have lost money in their dealings with the businesses to claim it back. The Financial Services Compensation Scheme — […]

Turkey Finance Minister Vows to Back Banks, Though Details Scant

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Finance Law Isn't Ready for Elon Musk

Finance Law Isn't Ready for Elon Musk

And then, was it true? An August 13 Tesla blog post indicated that while Musk had a lead on funding, “secured” might not exactly describe the situation. “The Saudi Arabian sovereign wealth fund has approached me multiple times about taking Tesla private,” he explained. And this fund “has more than enough capital needed to execute […]

Finance executive raised capital for local companies

Finance executive raised capital for local companies

Brent Bottomley, the chief financial officer of Delta 9 Cannabis Inc. and longtime finance executive in Winnipeg, died suddenly on the weekend while taking part in a bicycle trip in the United States. Bottomley was 63. For more than three decades, Bottomley was a widely respected investment banker working with many of the province’s most […]

Finance Minister presents supplementary finance bill

Finance Minister presents supplementary finance bill

ISLAMABAD: Finance Minister Asad Umar presented the supplementary finance bill in the National Assembly on Tuesday.  “These are difficult times and difficult decisions need to be made. You do not have to be an economic expert to realise this,” Umar said.  Prime Minister Imran Khan, ministers, and lawmakers from various political parties attended the NA […]

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